Size and composition of public spending in a neoclassical growth model

Metroeconomica

Volumn 62, Issue 1, 2011, Pages 150-170

  Carboni, Oliviero A ^a   Medda, Giuseppe ^a  

^a UNIVERSITY OF SASSARI   (Italy)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 79956034415     PISSN: 00261386     EISSN: 1467999X     Source Type: Journal    
DOI: 10.1111/j.1467-999X.2010.04093.x     Document Type: Article

References (34)

1. Ai, C., Cassou, S. P. (1995): 'A normative analysis of public capital', Applied Economics, 2, pp. 1201-9.
2. Arrow, K. J., Kurz, M. (1969): 'Optimal public investment policy and controllability with fixed private savings ratio', Journal of Economic Theory, 1, pp. 141-77.
3. Aschauer, D. A. (1989): 'Is public expenditure productive?', Journal of Monetary Economics, 23, pp. 177-200.
4. Atolia, M., Chatterjee, S., Turnovsky, S. J. (2009): 'How misleading is linearization? Evaluating the dynamics of the neoclassical growth model', Journal of Economic Dynamics and Control (forthcominng).
5. Bajo-Rubio, O. (2000): 'A further generalization of the Solow growth model: the role of the public sector', Economics Letters, 68, pp. 79-84.
6. Barro, R. J. (1990): 'Government spending in a simple model of endogenous growth', Journal of Political Economy, 98, pp. S103-25.
7. Barro, R. J. (1991): 'Economic growth in a cross section of countries', Quarterly Journal of Economics, 106 (2), pp. 407-43.
8. Barro, R. J., Sala-i-Martin, X. (2004): Economic Growth, 2nd edn, MitPress, New York.
9. Bleaney, M., Gemmel, N., Kneller, R. (2001): 'Testing the endogenous growth model: public expenditure, taxation, and growth over the long run', Canadian Journal of Economics, 34, pp. 36-57.
10. Chen, B. (2006): 'Economic growth with an optimal public spending composition', Oxford Economic Papers, 58, pp. 123-36.
11. Cooley, T. F. (ed.) (1995): Frontiers of Business Cycle Research, Princeton University Press, Princeton, NJ.
12. Devarajan, S., Swaroop, V., Zou, H. (1996): 'The composition of public expenditure and economic growth', Journal of Monetary Economics, 37, pp. 313-44.
13. Evans, P., Karras, G. (1994): 'Are government activities productive? Evidence from a panel of US states', Review of Economics and Statistics, 76, pp. 1-11.
14. Fisher, W. H., Turnovsky, S. J. (1998): 'Public investment, congestion, and private capital accumulation', Economic Journal, 108, pp. 399-412.
15. Futagami, K., Morita, H., Shibata, A. (1993): 'Dynamic analysis of an endogenous growth model with public capital', Scandinavian Journal of Economics, 95, pp. 607-25.
16. Ghosh, S., Gregoriou, A. (2008): 'The composition of government spending and growth: is current or capital spending better?', Oxford Economic Papers, 60, pp. 484-516.
17. Glaeser, E. L., La Porta, R., Lopez-De-Silanes, F. (2004): 'Do institutions cause growth?', Journal of Economic Growth, 9, pp. 271-303.
18. Glomm, G., Ravikumar, B. (1994): 'Public investment in infrastructure in a simple growth model', Journal of Economic Dynamics and Control, 18, pp. 1173-87.
19. Glomm, G., Ravikumar, B. (1997): 'Productive government expenditures and long-run growth', Journal of Economic Dynamics and Control, 21, pp. 183-204.
20. Kamps, C. (2006): 'New estimates of government net capital stocks for 22 OECD Countries, 1960-2001', IMF Staff Papers, 53 (1), pp. 120-50.
21. Kneller, R., Bleaney, M. F., Gemmell, N. (1999): 'Fiscal policy and growth: evidence from OECD countries', Journal of Public Economics, 74, pp. 171-90.
22. Lee, J. (1992): 'Optimal size and composition of government spending', Journal of the Japanese and International Economies, 6, pp. 423-39.
23. Levine, R., Renelt, D. (1992): 'A sensitivity analysis of cross-country growth regressions', American Economic Review, 82 (4), pp. 942-663.
24. Mankiw, N. G., Romer, D., Weil, D. N. (1992): 'A contribution to the empirics of economic growth', Quarterly Journal of Economics, 107, pp. 407-37.
25. Nijkamp, P., Poot, J. (2004): 'Meta-analysis of the effect of fiscal policies on long-run growth', European Journal of Political Economy, 20, pp. 91-124.
26. Nonneman, W., Vanhoudt, P. (1996): 'A further augmentation of the Solow model and the empirics of economic growth for OECD countries', Quarterly Journal of Economics, 111, pp. 943-53.
27. Rodrik, D., Subramanian, A., Trebbi, F. (2004): 'Institutions rule: the primacy of institutions over geography and integration in economic development', Journal of Economic Growth, 9, pp. 131-65.
28. Romer, P. M. (1994): 'The origins of endogenous growth', Journal of Economic Perspectives, 8 (1), pp. 3-22.
29. Sala-i-Martin, X. (1997): 'I just ran two million regressions', American Economic Review, 87 (2), pp. 178-83.
30. Slemrod, J. (1995): 'What do cross-country studies teach about government involvement, prosperity, and economic growth?', Brookings Papers on Economic Activity, 2, pp. 373-415.
31. Temple, J. (1999): 'The new growth evidence', Journal of Economic Literature, 37, pp. 112-56.
32. Temple, J., Johnson, P. A. (1998): 'Social capability and economic growth', Quarterly Journal of Economics, 113, pp. 965-90.
33. Turnovsky, S. J. (1997): 'Fiscal policy in a growing economy with public capital', Macroeconomic Dynamics, 1 (3), pp. 615-39.
34. Turnovsky, S. J. (2004): 'The transition dynamics of fiscal policy: long-run capital accumulation and growth', Journal of Money, Credit, and Banking, 36, pp. 883-910.